GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signal Gold Inc (STU:GJ2B) » Definitions » Momentum Rank

Signal Gold (STU:GJ2B) Momentum Rank : 0 (As of Dec. 11, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Signal Gold Momentum Rank?

Signal Gold has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Signal Gold Momentum Rank Related Terms

Thank you for viewing the detailed overview of Signal Gold's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Signal Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signal Gold Inc (STU:GJ2B) » Definitions » Momentum Rank
Comparable Companies
TSXV:UGD TSXV:JG TSXV:ANK TSXV:LVG XCNQ:GTCH TSX:YRB TSXV:OCI TSXV:SRC TSXV:DLTA TSXV:SGN SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV JSE:GFI SHSE:600547 MIC:PLZL ASX:NST
Traded in Other Exchanges
SGNLF:USA SGNL:Canada
Address
20 Adelaide St. East, Suite 401, Toronto, ON, CAN, M5C 2T6
Website
http://www.anacondamining.com
Signal Gold Inc is gold mining, development, and exploration company focused on the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The company operates mining and milling operations in the Goldboro Gold Project in Nova Scotia, the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility, and deep-water port, as well as 15,000 hectares of mineral property at Tilt Cove.

Signal Gold Headlines

No Headlines